Downtown Condo Pricing Direction?

[urbanrealtor]

92101 has the added issue of Vantage Point.

That is a huge increase in housing that has effectively hobbled the 92101 market for the foreseeable future.
Its not like things won’t sell.
In fact most central sales are in 92101.
However, the enormous injections of inventory mean that we won’t have a shortage of new desirable property for some time.
That absence of scarcity will dictate fundamentals for some time.

[SD Realtor]

I would agree with you UCG. One of the issues I see with downtown inventory is that (to me) there was heavy speculative purchases made. Couple that sort of buyer with severe carrying costs dictated by high HOA and you have a nice supply of foreclosures moving forward. You still dont come close to cash flowing with downtown condos when you factor in price/hoa/property taxes.

[SD Realtor]

I would agree with you UCG. One of the issues I see with downtown inventory is that (to me) there was heavy speculative purchases made. Couple that sort of buyer with severe carrying costs dictated by high HOA and you have a nice supply of foreclosures moving forward. You still dont come close to cash flowing with downtown condos when you factor in price/hoa/property taxes.

[SD Realtor]

I would agree with you UCG. One of the issues I see with downtown inventory is that (to me) there was heavy speculative purchases made. Couple that sort of buyer with severe carrying costs dictated by high HOA and you have a nice supply of foreclosures moving forward. You still dont come close to cash flowing with downtown condos when you factor in price/hoa/property taxes.

[SD Realtor]

I would agree with you UCG. One of the issues I see with downtown inventory is that (to me) there was heavy speculative purchases made. Couple that sort of buyer with severe carrying costs dictated by high HOA and you have a nice supply of foreclosures moving forward. You still dont come close to cash flowing with downtown condos when you factor in price/hoa/property taxes.

[SD Realtor]

I would agree with you UCG. One of the issues I see with downtown inventory is that (to me) there was heavy speculative purchases made. Couple that sort of buyer with severe carrying costs dictated by high HOA and you have a nice supply of foreclosures moving forward. You still dont come close to cash flowing with downtown condos when you factor in price/hoa/property taxes.

[barnaby33]

Do mean that Vantage point is solely, or even mostly responsible for a glut of units for sale? That doesn’t seem to be a realistic statement, because buyers there would seemingly be very different than buyers at BOSA or something more westerly.

[barnaby33]

Do mean that Vantage point is solely, or even mostly responsible for a glut of units for sale? That doesn’t seem to be a realistic statement, because buyers there would seemingly be very different than buyers at BOSA or something more westerly.

[barnaby33]

Do mean that Vantage point is solely, or even mostly responsible for a glut of units for sale? That doesn’t seem to be a realistic statement, because buyers there would seemingly be very different than buyers at BOSA or something more westerly.

[barnaby33]

Do mean that Vantage point is solely, or even mostly responsible for a glut of units for sale? That doesn’t seem to be a realistic statement, because buyers there would seemingly be very different than buyers at BOSA or something more westerly.

[barnaby33]

Do mean that Vantage point is solely, or even mostly responsible for a glut of units for sale? That doesn’t seem to be a realistic statement, because buyers there would seemingly be very different than buyers at BOSA or something more westerly.

[wild.t.a.]

[quote=barnaby33]Do mean that Vantage point is solely, or even mostly responsible for a glut of units for sale? That doesn’t seem to be a realistic statement, because buyers there would seemingly be very different than buyers at BOSA or something more westerly.[/quote]

I concur. I live in the marina district and would never buy in the area of where vantage is located.

[wild.t.a.]

[quote=barnaby33]Do mean that Vantage point is solely, or even mostly responsible for a glut of units for sale? That doesn’t seem to be a realistic statement, because buyers there would seemingly be very different than buyers at BOSA or something more westerly.[/quote]

I concur. I live in the marina district and would never buy in the area of where vantage is located.

[wild.t.a.]

[quote=barnaby33]Do mean that Vantage point is solely, or even mostly responsible for a glut of units for sale? That doesn’t seem to be a realistic statement, because buyers there would seemingly be very different than buyers at BOSA or something more westerly.[/quote]

I concur. I live in the marina district and would never buy in the area of where vantage is located.

[wild.t.a.]

[quote=barnaby33]Do mean that Vantage point is solely, or even mostly responsible for a glut of units for sale? That doesn’t seem to be a realistic statement, because buyers there would seemingly be very different than buyers at BOSA or something more westerly.[/quote]

I concur. I live in the marina district and would never buy in the area of where vantage is located.

[Author]

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